I propose to take Questions Nos. 179 to 181, inclusive, together.
The table below gives the estimated yield that would be achieved from increasing Employer PRSI from 10.75% to 12%, 13%, 14% and 15% respectively. The percentage increases in Employer PRSI are applied to income in excess of the thresholds specified by the Deputy.
Threshold for higher Employer PRSI | Rate of Employer PRSI | Cost/Yield | No. of Employments |
- | - | (€000) | - |
€100,000 | *12% | 29,785 | 41,160 |
€100,000 | *13% | 53,614 | 41,160 |
€100,000 | *14% | 77,442 | 41,160 |
€100,000 | *15% | 101,270 | 41,160 |
€125,000 | *12% | 21,137 | 24,710 |
€125,000 | *13% | 38,047 | 24,710 |
€125,000 | *14% | 54,957 | 24,710 |
€125,000 | *15% | 71,867 | 24,710 |
€150,000 | *12% | 15,874 | 16,590 |
€150,000 | *13% | 28,573 | 16,590 |
€150,000 | *14% | 41,272 | 16,590 |
€150,000 | *15% | 53,972 | 16,590 |
*The National Training Fund Levy of 0.70% is included in the contribution.